Shiba

Solana

Read

<ul>
 <li>Solana emerges as top-performing altcoin in 2024.</li>
 <li>Despite initial skepticism, Solana leads mainstream adoption of blockchain technology.</li>
 <li>Solana’s stability, reduced outages, and increased decentralization make it a resilient network</li>
</ul>
<p>Solana has shown remarkable resilience, and it’s easy to see why analysts are predicting a significant price increase. <a href="https://virtualbacon.com/" rel="noopener noreferrer nofollow">Virtual </a><a href="https://virtualbacon.com/" target="_blank" rel="noopener noreferrer nofollow">Bacon</a> recently took to social media to highlight several compelling reasons why Solana is set for a surge.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Solana's Explosive Year! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>From hitting new all-time highs to potential ETF news, <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> is gearing up for a big run-up.<br><br>I'll break down the latest updates, my technical analysis, and give my updated Solana Price Prediction.<br><br>Let’s dive in<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— VirtualBacon <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f987.png" alt="🦇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50a.png" alt="🔊" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@VirtualBacon0x) <a href="https://twitter.com/VirtualBacon0x/status/1810833945782583400?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Firstly, Solana has been the top-performing altcoin in 2024, breaking past the $200 mark. This achievement alone has caught the attention of many in the crypto community. The buzz around a <a href="https://cryptonewsland.com/cboe-seeks-sec-approval-for-first/" rel="noopener noreferrer nofollow">Solana </a><a href="https://cryptonewsland.com/cboe-seeks-sec-approval-for-first/" target="_blank" rel="noopener noreferrer nofollow">ETF</a> has also added fuel to the fire. With meme coins pumping and major network updates on the horizon, $SOL seems primed for a significant boost.&nbsp;</p>
<p>Many were skeptical at first, but Solana’s explosive user adoption is turning heads. It’s leading the charge in bringing blockchain technology to the mainstream. The upcoming Solana ETF and the Fire Dancer upgrade are key catalysts driving this adoption.&nbsp;</p>
<p>These developments are poised to attract even more users and investors to the platform. Reliability is another factor playing in Solana’s favor. In 2022, the network experienced four major outages, a worrying sign for any blockchain. However, in 2023, there was only one outage.&nbsp;</p>
<p>In 2024, <a href="https://cryptonewsland.com/solana-ecosystem-flourishes-with-jupiter-swap/" rel="noopener noreferrer nofollow">the Solana </a><a href="https://cryptonewsland.com/solana-ecosystem-flourishes-with-jupiter-swap/" target="_blank" rel="noopener noreferrer nofollow">ecosystem</a> had just one outage in February, putting its reliability on par with other major blockchains. This improvement in stability is crucial for gaining and maintaining user trust.&nbsp;</p>
<p>Another significant point is the departure of FTX and Alameda’s large SOL holdings. This has opened the door for more validators to join the network. Solana now boasts over 1,500 validators globally.&nbsp;</p>
<p>In practice, Solana is more decentralized due to having fewer large staking pools. This increased decentralization strengthens the network and makes it more resilient. When it comes to speed, Solana stands out. The new ZK Compression upgrade drastically enhances scalability and lowers barriers to entry.&nbsp;</p>
<p>Currently, the Solana network has over 40 million active addresses monthly, double that of Ethereum. Daily transactions are 15 times higher than Ethereum’s, although the <a href="https://www.binance.com/en/square/post/6089300088730" target="_blank" rel="noopener noreferrer nofollow">total value locked</a> (TVL) remains lower.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/solana-suffers-another-major-outage/" rel="noopener noreferrer nofollow">Solana Suffers Another Major Outage</a></li>
 <li><a href="https://cryptonewsland.com/solana-recovers-from-recent-outage-sees-price-rebound/" rel="noopener noreferrer nofollow">Solana Recovers from Recent Outage, Sees Price Rebound</a></li>
 <li><a href="https://cryptonewsland.com/solana-survives-five-hour-network-outage-will-users-come-back/" rel="noopener noreferrer nofollow">Solana Survives Five-Hour Network Outage, Will Users Come Back?</a></li>
 <li><a href="https://cryptonewsland.com/coinbase-experiences-system-wide-outage-again-should-coinbase-users-jump-ship-and-choose-another-crypto-exchange/" rel="noopener noreferrer nofollow">Coinbase Experiences System-Wide Outage Again, Should Coinbase Users Jump Ship and Choose Another Crypto Exchange?</a></li>
 <li><a href="https://cryptonewsland.com/shiba-inus-shibarium-recovers-after-brief-network-outage/" rel="noopener noreferrer nofollow">Shiba Inu’s Shibarium Recovers After Brief Network Outage</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/top-analyst-predicts-solanas-significant-ascent/" rel="noopener noreferrer nofollow">Top Analyst Predicts Solana’s Significant Ascent, What ATH Will SOL Set Next?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Top Analyst Predicts Solana’s Significant Ascent, What ATH Will SOL Set Next?

Crypto News Land

Other articles published on Jul 10, 2024

The famous CEO, who said the decline in Bitcoin is temporary, gave a date for 100 thousand dollars!

Bitcoin Spot ETFs Keep Buying The Dip This Week: Here's Why

Cryptocurrencies Under $1 That Can Easily Make 25-50X Income

Bored Ape Creator Yuga Labs Launches Bored Ape Skull-Branded Socks – Here’s More Details

Bitcoin (BTC) Hints at Short-Term Bounce, Ethereum DeFi On Brink of Major Surge

EGRAG Predicts XRP Could Reach $17 with Key Indicators

Join our free newsletter for daily crypto updates!